Nizhny Novgorod Region

Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

Exports (2019): $4.68B, Rnk 16/85

Top Destination (2019): $731M, Ukraine

Top Export (2019): $518M, Light petroleum distillates nes

Imports (2019): $3.27B, Rnk 10/85

Top Origin (2019): $509M, Germany

Top Import (2019): $221M, Machinery for treatment by temperature change...

Economic Complexity (2019): 0.25, Rnk 2 / 85

Overview: This page contains the latest international trade data for NIZHNY NOVGOROD REGION, including export and import data.

Exports: In 2019, Russia's Nizhny Novgorod Region exported $4.68B, making it the 16th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Nizhny Novgorod Region were Light petroleum distillates nes ($518M), Iron ore, concentrate, not iron pyrites,... ($410M), Petroleum spirit for motor vehicles ($250M), Heat exchange units, non-domestic, non-electric ($221M), and Sunflower-seed or safflower oil, crude ($139M).

Imports: In 2019, Russia's Nizhny Novgorod Region imported $3.27B, making it the 10th largest importer out of the 85 importers in Russia. In 2019 top imports of Nizhny Novgorod Region were Machinery for treatment by temperature change... ($221M), Medicaments nes, in dosage ($106M), Transmissions for motor vehicles ($84.5M), Parts and accessories of bodies nes... ($82.9M), and Parts of seats ($80.2M).

Economic Complexity: In 2019, the highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.48), Other Heating Machinery (1.36), Newsprint (1.27), Thermostats (1.15), and Steam Turbines (1.13). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Ukraine, $731M

Top Product (2019): Light petroleum distillates nes, $518M

In 2019 the top export destinations of Nizhny Novgorod Region were Ukraine ($731M), India ($581M), Netherlands ($542M), Belarus ($528M), and Bangladesh ($307M).

In 2019 the top exports of Nizhny Novgorod Region were Light petroleum distillates nes ($518M), Iron ore, concentrate, not iron pyrites,... ($410M), Petroleum spirit for motor vehicles ($250M), Heat exchange units, non-domestic, non-electric ($221M), and Sunflower-seed or safflower oil, crude ($139M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Year

Top Origin (2019): Germany, $509M

Top Import (2019): Machinery for treatment by temperature change..., $221M

In 2019 the top import origins of Nizhny Novgorod Region were Germany ($509M), China ($381M), Italy ($301M), Czechia ($226M), and France ($208M).

In 2019 the top imports of Nizhny Novgorod Region were Machinery for treatment by temperature change... ($221M), Medicaments nes, in dosage ($106M), Transmissions for motor vehicles ($84.5M), Parts and accessories of bodies nes... ($82.9M), and Parts of seats ($80.2M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from NIZHNY NOVGOROD REGION throughout time.

This section shows forecasts for total exports and imports from NIZHNY NOVGOROD REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Nizhny Novgorod Region ranks 2nd out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Nizhny Novgorod Region already has a comparative advantage, are led by Petroleum Gas (0.14), Radioactive Chemicals (0.14), Railway Freight Cars (0.13), Rock Wool (0.13), and Raw Aluminium (0.13).

Most Complex Products by PCI

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The highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.48), Other Heating Machinery (1.36), Newsprint (1.27), Thermostats (1.15), and Steam Turbines (1.13). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Cyanides (136), Hydraulic Brake Fluid (84.8), Nuclear Reactors (75.6), Antifreeze (67.3), and Seed Oils (49.1).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Nizhny Novgorod Region is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Nizhny Novgorod Region. These are products that tend to be co-exported with the products that Nizhny Novgorod Region exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.